UBS boosts targets for AMD and Arm, cites standalone CPU demand but tempers TAM optimism
UBS increased price targets for AMD and Arm in a Wednesday research note, identifying both companies as prime beneficiaries of growing demand for standalone CPUs deployed in agentic AI infrastructure. The bank raised AMD's target to $670 and Arm's to $470, while cautioning that some market-size projections for CPUs by 2030 may be overly optimistic …